The US gold giant that swallowed Australia’s biggest goldminer,Newcrest,in a $26.2 billion merger is moving to sell half a dozen mines.
A dig into the mining giant’s numbers tells quite a story about the significant changes it has made to how it is spending the vast volumes of cash it is generating.
The miner plans to use solar and wind power to slash emissions to generate electricity by 75 per cent at its proposed Winu copper mine in the remote northern Pilbara.
Mining giant BHP says the same job,same pay policy could jeopardise investment and damage Australia’s economy.
Glencore announced the “operational changes” on Wednesday,saying it had notified workers the underground work would close after 60 years.
The mining giant says growth in iron ore demand will come from India and other countries in Asia.
Rio Tinto’s chair,Dominic Barton,has defended activists pushing the global miner to do better on environmental,social and governance issues.
A shareholder vote in Canada has the potential to reshape both the hottest sector of the resources sector and its coldest.
The world already faces a daunting challenge to produce the metals and minerals critical to reaching climate goals. Which makes reports out of China quite concerning.
Oyu Tolgoi mine is one of the world’s most remote mining operations run by Anglo-Australian resources giant Rio Tinto.
Mining giant Rio Tinto is pressing ahead with its enormous copper project in Mongolia,sinking 1.3 kilometre-deep shafts beneath the Gobi Desert.